Do I need to pay tax on my winnings?

lottery tax deduction
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Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

Generally, the winner will receive the prize money after TDS at % us 194B is deducted That means the prize distributor will deduct the applicable tax on

lottery sambad 13_08_23 Lottery wins are subject to a 30% TDS rate However, the TDS rate increases to % (including surcharge and

lottery picks 10,000, the surcharge is the only deduction that is permitted If the total winnings from all lotteries, crossword puzzles, card games, etc